•　On 18th May 2003, Tebon Securities held the opening ceremony at Shenyang,China. 　•　In March 2005, Tebon Securities met the requirement of independent custody. 　•　In August 2006, Tebon Securities met the requirement of compliant securities firms. 　•　On 16th September 2006, Tebon held shareholders’ meeting and elected the new board. 　•　In October 2006, the new management team established “Innovative, Developing” as the keynote of operation. 　•　In January 2007, Tebon Securities was elected as a Fourth-term trustee member of SAC and Doctor FANG JiaChun was elected as a trustee board member. 　•　In February 2007, Tebon Securities moved its domicile from Shenyang to Shanghai. 　•　In April 2007, Tebon Securities passed the inspection conducted by Shanghai Securities Bureau and Liaoning Securities Bureau. 　•　On 3rd June 2007, Tebon Securities opened Guangzhou Branch, marking its South China expansion. 　•　On 8th June 2007, Tebon Securities moved its headquarters to the UC Tower, Pudong, Shanghai. 　•　On 25th July 2007, 1.5 Billion RMB private placement issued by Xiamen C&D Inc. and sponsored by Tebon Securities was approved by the competent authority.